First Manhattan Co. maintained its stake in Workhorse Group, Inc. (NASDAQ:WKHS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,000 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Workhorse Group were worth $225,000 as of its most recent filing with the SEC.

Shares of Workhorse Group, Inc. (NASDAQ WKHS) opened at 2.61 on Friday. The stock’s market cap is $93.87 million. The company’s 50-day moving average price is $3.11 and its 200-day moving average price is $2.97. Workhorse Group, Inc. has a 52-week low of $1.85 and a 52-week high of $10.30.

Workhorse Group (NASDAQ:WKHS) last announced its earnings results on Wednesday, August 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.03. The company had revenue of $0.27 million for the quarter. Workhorse Group had a negative return on equity of 302.17% and a negative net margin of 419.92%. Analysts expect that Workhorse Group, Inc. will post ($0.90) earnings per share for the current year.

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Separately, Maxim Group set a $5.00 price objective on Workhorse Group and gave the stock a “buy” rating in a research report on Wednesday.

Workhorse Group Company Profile

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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